CTF Written Submission
The Digital Chamber
June 26, 2025
- The SEC should issue targeted relief for public offerings of investment contracts involving Tokens, including guidelines for material information disclosure.
- Investment contracts are not equity securities and require bespoke disclosures distinct from traditional equity securities.
- Tailored disclosure requirements should be developed for investment contracts involving Tokens, with disclosures made at the time of the offering and updated as necessary.
Last Reviewed or Updated: June 26, 2025